Slovenian firm Emona Obala posts US$1.7 million loss

SLOVENIA. Trading company and duty free retailer Emona Obala Koper announced yesterday it ended 2003 with a loss of SIT327.9 million (US$1.7 million), compared to a loss of SIT306.3 million (US$1.6 million) for 2002.

The company told the Ljubljana Stock Exchange (LJSE) the loss was due to expenditure on the closure of stores of the Noc in Dan (Night and Day) chain and the duty free shop at Gruskovje on the Croatian border in 2003.

Emona Obala Koper net sales revenue stood at SIT16.34 billion (US$85.9 million) for 2003, down -3.2% compared to SIT16.89 billion (US$88.8 million) for 2002. Retail sales totalled SIT10.8 billion (US$56.8million) and wholesale reached SIT3.9 billion ($20.5 million) in 2003.

The company, established in 1972, is based in Koper, southwestern Slovenia with shops on the Croatian border at Sečovlje, Dragonja, Starod and Zavrč.

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